Trading

US announces $285 million cut in 2018-19 UN budget

Washington, (OIC-UNA) - Calling it a big step in the right direction, US Ambassador to the United Nations Nikki Haley on Sunday night announced a historic reduction in the UN biennial operating budget.

Haley said the plan calls for a $285 million cut for the 2018-19 fiscal year. The inefficiency and overspending of the United Nations are well known, Haley said. We will no longer let the generosity of the American people be taken advantage of or remain unchecked."

This historic reduction in spending � in addition to many other moves toward a more efficient and accountable UN � is a big step in the right direction.

The United States was seeking a $250 million cut to the UN budget for 2018-19, on top of $200 million in savings already proposed by UN Secretary General Antonio Guterres, according to AFP.

Guterres has proposed capping the UN biennial budget at $5.4 billion, shaving off $200 million from the 2016-17 budget. The US pays about 22 percent of the UN's budget, or roughly $3.3 billion, and fully 28 percent of its peacekeeping effort.

The UN's operating budget is separate from its peacekeeping budget, which was cut by $600 million this year, under pressure from President Donald Trump.

Trump last week threatened to cut off financial aid to countries that voted in favor of a draft UN resolution calling for the US to withdraw its decision to recognize Jerusalem as Israel's capital.

The final tally was 128-9, with 35 nations abstaining, including five members of the European Union.

Source: International Islamic News Agency